I currently use Wealth-Lab 3. I also own MetaStock and a couple of other platforms. Wealth-Lab, in my opinion, is much better than MetaStock.

Wealth-lab has over 1000 systems on their website to give you ideas to build upon your own system and the biggest asset to Wealth-lab is their support. The community at the website is very helpful and the developers have always helped me when I needed assistance.

I no longer use any other platform. Wealth-Lab serves all of my needs.

Anyone know of backtesting software that can backtest clusters retracements and extension?

In other words, it would be able to find all the relevant swings over the max time period specified, whether it be on a monthly, daily, 60, 15, 5 minute chart, and project the retracement and extensions of all of those swings from the relevant swing point (not all swings need to terminate at the same swing point). If the market reacheds a cluster of these retracement and extension levels, that would be a trading signal.

Anyone know of backtesting software that can backtest clusters retracements and extension?

In other words, it would be able to find all the relevant swings over the max time period specified, whether it be on a monthly, daily, 60, 15, 5 minute chart, and project the retracement and extensions of all of those swings from the relevant swing point (not all swings need to terminate at the same swing point). If the market reacheds a cluster of these retracement and extension levels, that would be a trading signal.

-- MMM

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Well, maybe someone that is more up to speed than I am on swing trading would be able to answer this question, but if I were programming this for you, I would need a very clear definition of what "all the relevant swings" means, and "project retracements and extensions..."

I get the idea of what you are saying, but that is not enough for a computer.

That's part of the challenge, defining the swings, but impossible. You can tell with your eye what the significant swings are no a chart. Coming up with rules to capture them should not be too difficult.

I'm sure that a custom built C or VB program can do this project easily enough.

I'm not so certain how easily it can be done with the tools that are out there, such as Wealth-Lab or TradeStation.

It's something that I've been considering doing, but I may end up spending more time programming than trading!